Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO

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Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO

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Baidu's AI chip unit Kunlunxin is reportedly targeting a $50 billion initial public offering in Hong Kong. This prospect boosted Baidu's shares by over 6% amid positive market reactions.

Baidu's Hong Kong-listed shares rose over 6% amid reports that its AI chip unit Kunlunxin is targeting a $50 billion initial public offering in the city.

Markets Deals AI & Tech Baidu Kunlunxin AI chip IPO Hong Kong stock market technology

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